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Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF Fund of Fund is a Mutual Fund offered by Mirae Asset Mutual Fund. The investment objective of the scheme is to provide long-term capital appreciation by investing in units of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF. It is an Open-Ended Scheme categorized as a Scheme – FoF Domestic. The New Fund Launch Date is 10-May-2024, with the New Fund Offer Closure Date being 24-May-2024. There is no entry load and exit load, and the minimum subscription amount is Rs. 5,000.
The investment objective of the Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF Fund of Fund is to provide long-term capital appreciation from a portfolio investing in units of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF. There is no assurance that the investment objective of the Scheme will be realized.
his NFO of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF Fund of Fund is suitable for investors who are seeking returns that are commensurate with the performance of the Nifty MidSmallcap400 Momentum Quality 100 Total Return Index, subject to tracking error over the long term and Investments in equity securities covered by Nifty MidSmallcap400 Momentum Quality 100 Total Return Index.
Risk-o-meter:
| Types of Instruments | Risk Profile | Minimum Allocation (% of Net Assets) | Maximum Allocation (% of Net Assets) |
| Units of Mirae Asset Nifty MidSmallcap400 Momentum
Quality 100 ETF |
Very High | 95 | 100 |
| Money market instruments/debt securities, Instruments and/or units of debt/liquid schemes of domestic Mutual Funds. | Low to
Moderate |
0 | 5 |
The performance of the Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF Fund of Fund is benchmarked against the Nifty MidSmallcap400 Momentum Quality 100 TRI (Total Return Index).
The Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF fund managers are Ms. Ekta Gala and Mr. Vishal Singh.
Ms. Ekta Gala has over 6 years of experience as a dealer. Prior to this assignment, Ms. Ekta Gala was associated with ICICI Prudential Asset Management Company Ltd. Her qualifications include B.Com & Inter CA (IPCC).
Mr. Vishal Singh has over 5 years of experience in the field of financial services. Prior to this assignment, Mr. Singh was associated with NSE Indices Limited. His qualifications include C.A.; C.F.A; F.R.M; B.Com.
Peer Mutual Fund Schemes (Annual Returns)
| Scheme Name | Launch Date | AUM (Crore) | Expense Ratio (%) | Returns as on – 09-05-2024 in % | |
| 2024 | 2023 | ||||
| Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF FOF | 01-03-2024 | 72.62 | 0.73 | – | – |
| Fund of Funds-Domestic-Equity | – | – | – | 7.25 | 25.11 |
| Motilal Oswal Nifty 200 Momentum 30 ETF | 10-02-2022 | 42.47 | 0.36 | 17.09 | 41.19 |
| ABSL Nifty 200 Momentum 30 ETF | 12-08-2022 | 50.38 | 0.32 | 17.1 | 41.25 |
| HDFC NIFTY200 MOMENTUM 30 ETF | 11-10-2022 | 24.53 | 0.3 | 17.1 | 40.85 |
| ICICI Prudential Nifty 200 Momentum 30 ETF | 05-08-2022 | 64.88 | 0.3 | 17.13 | 40.84 |
| ETFs | – | – | – | 6.2 | 24.46 |
Data as of May 09, 2024
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.
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